Atlanta Agent magazine, June 24, 2024–Liz HughesThe 20% down payment may now be a thing of the past.A homebuyer who earns the median U.S. household income would need to make …
Category: Top National News
Homeowners Can Get Cash-out Second Mortgages to Fund Small Rental Properties
Orange County Register, June 28, 2024–Jeff LazersonHomeowners can pull cash out on a second mortgage for a rental — up to 80% combined loan-to-value. But buyer beware, the interest rate …
Ginnie Mae Proposes HMBS 2.0 Terms
National Mortgage News, June 28, 2024–Brad FinkelsteinGinnie Mae has released a term sheet for its revised Home Equity Conversion Mortgage securitization program, starting a comment period that ends on July …
Thousands of Homeowners are About to Get Slammed With Higher Monthly Payments
CNN, July 1, 2024–Samantha DelouyaAccording to data from Intercontinental Exchange, 1.7 million homeowners have bought homes with adjustable-rate mortgages since 2019. Many buyers who bought 5-year ARMs – one of …
Home Equity Issuance Reaches New High, WACs Diverge
Home Equity Lending News, July 1, 2024Quarterly issuance of home-equity products reached the highest level in at least five years and likely since the Great Financial Crisis. While coupons on …
Maturing Loans Drive Up CMBS Delinquency Rate – KBRA
MPA, July 1, 2024-Candyd MendozaThe commercial real estate market faced another challenging month, as delinquencies in commercial mortgage-backed securities (CMBS) continued to rise in June.Click here for more
As Millions Struggle With Home Prices, Housing Becomes a Top Issue for Voters
NPR, June 24, 2024-Jennifer LuddenMelissa Williams says she did everything right. She has a college degree, a decent income working in accounting and no debt.Click here for more (subscription)
U.S. Labor Market, Housing Data Point to Slowing Economy
Reuters, June 20, 2024-Lucia Mutikani and Lindsay DunsmuirFirst-time applications for U.S. unemployment benefits fell moderately last week, while new housing construction dropped to the lowest level in nearly four years …
Some Homebuyers are Beating High Interest Rates With 1980s-era Assumable Mortgages
Star Tribune (Minneapolis), June 20, 2024–Jim Buchta“It was like winning the lottery,” said a Twin Cities buyer who assumed a 2.25% mortgage rate that saves her $700 a monthClick here for …
18 Million Americans Are House Poor, New Study Shows
CBS News, June 18, 2024-Kristopher J. BrooksMore than 18 million Americans are living in homes that stretch their budgets far beyond what’s considered financially healthy.Click here for more